In 2016, the RES independent report from VBKOM often compares...

In 2016, the RES independent report from VBKOM often compares our costs and coal quality to the flagship of EXXARO's business being the Grootegeluk Coal Mine.

The Grootegeluk coal mine represents circa 50% of Exxaro's revenue and Coal reserves. i.e. it makes up the bulk of the business that makes Exxaro profitable. The Grootegeluk Coal Mike is our Neighbour!

At our maximum capacity (on considering transport restrictions) at RES we can produce saleable coal equal to the Grootegeluk mine. Originally we start at 6MT. So if we can ramp to 24 MT over time. We could be the equivalent of the Exxaro flagship.

We have the same labour costs, climate, sovereign risk, resource quality etc as the Grootegeluk mine.

Grootegeluk is acknowledged as one of the most efficient mining operations globally, and runs the world's largest coal beneficiation complex. It is also the only producing mine in the coal-rich Waterberg, adjacent to Eskom's existing Matimba. Note: This paragraph was taken from the Exxaro website and it must be remembered that we are also in the Waterberg!

Dividend for Exxaro in 2018 was 10.85c.

The Exxaro share price is currently AUD $17.10 with 358M shares on offer.

The Exxaro annual results can be reviewed here; https://www.exxaro.com/assets/images/Exxaro-annual-results-2018_FINAL_PPT.pdf